reuters.com

Westpac forecasts lower housing credit demand after tax breaks end

Westpac Banking logoWestpac Banking
Sig2.85Sen-2.60Env0.00Soc-1.20Gov0.00

Westpac projected investor housing credit demand to fall from 9.1% this year to 4.5% in 2027, citing higher interest rates and federal policy changes. The bank reported cash earnings of A$1.8 billion for the June quarter, down from A$1.9 billion, with a CET1 ratio of 12.1% and said households remain under pressure despite some resilience.

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